Stein Mart Sees Price Hikes Ahead

During its quarterly call with analysts last week, Stein Mart said its current price increases have been in the single-digit range, and it expects more in the second half in the mid-single to low-double-digit range. Stein Mart is "working with our vendors to reduce the impact...and we're reviewing all [pricing] decisions thoughtfully," said president and ceo David Stovall Jr.